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Lesson # 2
Hands-On With AI Tools in Crypto Trading & DeFi
Blockchain Basics
1. What is one key advantage of using AI trading bots like those on 3Commas, Cryptohopper, or Pionex?
A. They require no strategy input from the user
B. They can run trades 24/7 and reduce emotional decisions
C. They eliminate all risks in trading
D. They are only available to developers
2. What is the purpose of backtesting in AI trading strategies?
A. To avoid using any stop-loss
B. To manually calculate profits
C. To test a strategy against historical data before using it
D. To prevent bots from using machine learning
3. In DeFi, how does AI help manage liquidity?
A. By locking funds to prevent trading
B. By mining new tokens
C. By dynamically reallocating assets to optimize pool performance
D. By removing impermanent loss completely
4. Which of the following is a red flag when evaluating an autonomous AI bot platform?
A. Customizable stop-loss settings
B. Transparent trading history
C. No explanation of how the bot makes decisions
D. Availability of paper trading
5. Why is it risky to fully rely on “black box” AI bots in Web3 trading?
A. Because they only work on mobile apps
B. Because they limit trading volume
C. Because they may hide strategies, lack control options, and offer no transparency
D. Because they only trade NFTs